😒 My biggest investing mistake


Hello Reader,

A little bit story time today... I want to share my biggest investing mistake and it's one that experts warn you about all the time.

No, I didn't try to time the market.

No, I didn't take on more risk than I should have.

No, I didn't try to day trade NVIDIA or anything else.

It was simpler than that.

​(View this email as a webpage)​

😒 My biggest investing mistake

Do you remember how panicked everyone was during the pandemic? Overflowing hospitals, people were dying, and the stock market cratered as we shut down everything.

If you remember what that was like, you know where my head was at.

Now add four little kids and now you can at least understand why I made this mistake. 🀣

β€‹πŸ‘‰ My biggest investing mistake and how you can avoid it​

​

πŸ—ΊοΈ Some States Don't Tax Retirement Income

Did you know that some states don't tax retirement income?

  • 9 states don't tax income at all
  • 13 don't tax defined contribution plan income
  • 15 don't tax pension income
  • 32 don't tax military pension income
  • 37 states don't tax social security income

This is, of course, only at the state level.

Here are the lists:

β€‹πŸ‘‰ States that don't tax retirement income​

​

πŸ’΅ $15 Amazon credit

Amazon has a limited time offer where you can get a $15 Amazon credit when you spend $50 on household supplies - think soaps, wipes, toilet paper, etc.

β€‹πŸ‘‰ Learn more about this promotion​
​

​

What did you think of today's email?​
βœ… I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

​

Talk to you soon!

Jim

PS. Firstleaf Wine Club has their spring sale going on, six wines for $39.95 (or 12 for $79.90). It's a wine club but you can cancel after the first shipment.

​

​

​(see our archive of previous emails)​


You signed up for this newsletter via wallethacks.com​

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.​

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

Read more from Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

Good morning Reader, The government shut down today, the first time since 2018 through 2019 when it was closed for 35 days, and there's no sense of how long it will be this time. This time is a little different though for two big reasons: There's no fear of the government hitting the debt limit, so payments will still get sent out President Trump has threatened mass firings rather than furloughs I assume someone is already working on a remake of "Takedown" from KPop Demon Hunters. 🎢 (View...

Good morning Reader, The Federal Reserve has what's called a dual mandate - promote maximum employment and keep inflation in check. If you keep rates high, you risk higher unemployment. If you lower rates too much, you risk higher inflation. In their most recent meeting, they cut rates by 25 basis points. Borrows benefit from lower interest rates while savers are, surprise surprise, hurt by lower rates. It remains to be seen if the Fed that walk that tightrope. (View this email as a webpage)...

Good morning Reader, I'm sending this Wednesday morning but depending on when you read it, the Federal Reserve's FOMC may have announced what it'll do with interest rates (it does it at 2pm) - and that's most likely a rate cut of 25 basis points, maaaaybe a bigger 50 basis points. Savers will cringe, borrowers will rejoice. You may have also heard that the U.S. economy isn't doing well but that may not match up with what you see - but that's because your personal economy isn't the nation's....